Servicing

Lenders One, the largest mortgage cooperative in the U.S., is calling for the Federal Housing Finance Agency to end volume discounts on Fannie Mae and Freddie Mac's guarantee fees.

Home prices rose almost 1% in July following a 1.2% increase in June, according to the new Standard & Poor's/Case-Shiller house price index.

The nation's inventory of “shadow” homes fell to 1.6 million units in July, a 16% decline from six months ago, according to new figures released by CoreLogic, Santa Ana, Calif.

Freddie Mac's restrictive repurchase review policy on defaulted loans may prevent the GSE from recouping "billions of dollars" in losses from lenders, according to a new investigative report from the Federal Housing Finance Agency.

The Federal Housing Finance Agency as early as this week may release a new discussion paper on restructuring servicing compensation for GSE loans while seeking a new round of public comments on proposed changes.

In the second quarter of 2011, the volume of outstanding commercial and multifamily mortgage debt increased by 0.1% marking the first quarterly increase since the third quarter of 2009, according to the Mortgage Bankers Association.

HP Enterprise Services, Palo Alto, California, has signed a five-year extension of its agreement with Loan Value Group LLC, Rumson, N.J.

Freddie Mac purchased $28 billion of mortgages from its seller/servicers in August, a 33% spike from the prior month, and a clear sign that originations are picking up in the primary market.

Nationstar Mortgage, Lewisville, Texas, is continuing talks to buy Bank of America's correspondent lending division, or at least parts of it, according to industry advisors who claim to have knowledge of the situation.

Back in 2006, Fannie Mae officials knew that attorneys representing the GSE were filing false documents in foreclosure proceedings but did nothing about it, according a new inspector general report.